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Strategies & Market Trends : Ride the Tiger with CD
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To: TheSlowLane who wrote (60102)8/30/2006 8:34:41 AM
From: jrhana  Read Replies (2) of 312992
 
Was that the results for Lumina-or Igor-or both?

I like this idea:

<The first project we saw was the Lumina project where Cash planned a minimum of 3500 meters of drilling for 2006 but results from early drilling encouraged them to mobilize a second drill rig. We saw drill core that pegged the scintillator but due to the radioactive nature of the ore, it has to go to a special government lab in Saskatoon. That and the backlog of samples from other companies has caused a giant backlog. In any case, it's the end of August and results should be forthcoming shortly.>

I also like this one:

<After seeing the Lumina project, we hopped into the helicopter for a 30 minute ride over to the Igor property. All I can say about the flight is that the Yukon is magnificent in the summer. Cold in winter, true, but magnificent in the summer.

The Igor project is an IOCG (Iron Oxide, Copper and Gold) of similar age rocks to that of the Olympic Dam mine in Australia, ca. 1595 Ma. The age of the rocks is interesting because 1.6 billion years ago, Australia was connected to Alaska and what is now North America. Cash plans a $2.7 million dollar drill program this year with a total of 5000 meters of drilling. We saw the recently drilled core and I can tell you Cash may have to rethink their model. The core we saw was riddled with high grade chalcopyrite, a copper ore. I think you may well see some intersections of 15-20% copper. At today's prices, 1% copper contains $75 worth of copper. Be prepared for some eye popping drill results when they come out.>

Well, sitting here in Miami (after dodging the hurricane that wasn't) WTHDIK

Is Moriarty full of it-who knows but we will be finding out.

Fingers are crossed.

321gold.com
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